Answer:
Godfrey Corporation
GOLDFREY CORPORATION
Balance Sheet (Partial)
December 31, 2017
Noncurrent assets:
Investments:
Investment In Stock, at fair value $64,100
Stockholders' Equity:
Common stock
Retained earnings
Less :
Unrealized loss $4,900
Explanation:
a) Data and Calculations:
Long-term investment available for sale:
Cost = $69,000
Fair value 64,100
Unrealized loss $4,900
b) The correct entry would have been to reduce the net income by the unrealized loss. However, for simplicity, this is showed as a reduction of the Retained Earnings in the balance sheet.
Answer:
See
Explanation:
Total dividends = 65,700
Common stock outstanding = 224,000 shares
Preferred dividend
= Number of shares × Par value 3%
= 11,200 × 100 × 3%
= $33,600
Dividends received by common stockholders
= (65,700 × 2) - (33,600 × 3)
= 131,400 - 100,800
= 30,600
Answer:
B
Explanation:
Pure play method
Pure play method is an approach nvolves calculating an average beta for firms in a similar business and then applying that beta to determine the beta of its own. Companies use this method to try and identify publically traded firms that are engaged in projects similar to the one they are intending to do
Answer:
(c) Transactional leadership
Explanation:
Transactional leadership is a way of leadership wherein pioneers advance consistence by adherents through the two prizes and disciplines. Through a prizes and disciplines framework, value-based pioneers can keep devotees roused for the present moment.
Examples of transactional leadership
Transactional leadership is probably going to prevail in an emergency or in ventures that require straight and explicit procedures. This model is additionally helpful for huge organizations, for example, Hewlett-Packard, an organization known for its broad utilization of the executives by special case